U.S. States Consider Bitcoin Reserve Legislation

According to PANews, Vaneck analyst Matthew Sigel reports that 20 U.S. states are advancing legislation related to Bitcoin reserves. If all proposals are approved, it could lead to an influx of $23 billion into the Bitcoin market, equivalent to approximately 247,000 BTC. The study examines various state-level investment mechanisms, including reserve funds and pension plans. Some states are proposing to allocate budget surpluses, stabilization funds, and land funds for Bitcoin investments.